V2X Industry Global Market Outlook To 2023

Posted by Abhijeet Bendre on November 14th, 2018

V2X Market 2018 Global Research Report, Global V2X Market growing at rapid pace by the forecast period of 2018 to 2023. V2X Market by Communication Type (V2C, V2D, V2G, V2P, V2V and V2I), Component Type (Hardware and Software), Propulsion Type (ICE and EV) and by Regions - Global Forecast To 2023.

The key players in the global V2X market are Continental (Germany), Qualcomm (US), NXP Semiconductors (Netherlands), Robert Bosch (Germany), and Delphi Automotive (U.K.). In 2016, these companies accounted for a share of the global market.

V2X Market Highlights:

The V2X market has witnessed significant growth in recent times mainly due to the advent of advanced technology in vehicles as advanced driver assistance systems. Rapidly rising safety concerns among individuals and increased emphasis by the insurance companies, the market for V2X is expected to register high growth rate. Increasing demand for vehicles and the corresponding increasing production is expected to have significant contribution in the V2X market. Rapidly developing infrastructure across the globe to accommodate the changing tide in the automotive industry, will have a positive impact on the V2X market. Additionally increasing demand for real-time traffic data and development of connected vehicles, are expected to raise the demand of the market further. With government authorities formulating policies to encourage major automotive manufacturers to push for technological development, the market for V2X is poised for rapid growth during the forecast period.

The high initial cost associated with V2X may act as a major restraining factor in the V2X market.

The global V2X market has been segmented, by Communication Type as V2C, V2D, V2G, V2P, V2V and V2I. By component type, the market has been segmented as Hardware and Software. By propulsion type, the market has been segmented as ICE and EV. By region, the market for V2X has been segmented as North America, Europe, Asia Pacific, Middle East & Africa and South America.

Browse Full Report on V2X Market @ https://www.marketresearchfuture.com/reports/v2x-market-5513

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